Park Mischner owns Old Times Buttons, which employs 20 people. Park wants to perform a benefits analysis report for one of the employees. Arnold Bower, for the year. Arnold's benefits package is as follows: Annual salary: $35,650 401(k) contribution: 6 percent of annual salary. The company match is 75 percent of employee contribution up to 4 percent employe annual salary Medical insurance deduction: $230 per month Dental insurance $15 per month Required: Complete the following Benefits Analysis Report for Arnold Bower for the year. Do not include FUTA and SUTA taxes. (Enter all amounts as positive values. Round your answers to 2 decimal places.) Yearly Benefit Costs Medical insurance Dental insurance Life insurance AD&D Short-term disability Long-term disability 401(k) Social Security Medicare Tuition reinibursement Total yearly benefit costs Amold's annual salary Total value of Amold's compensation Company Cost Arnold's Cost 7,200.00 1,000.00 $ S $ S S $ 200.00 $ 50.00 $ 500.00 $ 250.00 $ 5,200.00 $ 0.00 0.00 0.00 0.00 0.00 4
Park Mischner owns Old Times Buttons, which employs 20 people. Park wants to perform a benefits analysis report for one of the employees. Arnold Bower, for the year. Arnold's benefits package is as follows: Annual salary: $35,650 401(k) contribution: 6 percent of annual salary. The company match is 75 percent of employee contribution up to 4 percent employe annual salary Medical insurance deduction: $230 per month Dental insurance $15 per month Required: Complete the following Benefits Analysis Report for Arnold Bower for the year. Do not include FUTA and SUTA taxes. (Enter all amounts as positive values. Round your answers to 2 decimal places.) Yearly Benefit Costs Medical insurance Dental insurance Life insurance AD&D Short-term disability Long-term disability 401(k) Social Security Medicare Tuition reinibursement Total yearly benefit costs Amold's annual salary Total value of Amold's compensation Company Cost Arnold's Cost 7,200.00 1,000.00 $ S $ S S $ 200.00 $ 50.00 $ 500.00 $ 250.00 $ 5,200.00 $ 0.00 0.00 0.00 0.00 0.00 4
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject: acounting
Transcribed Image Text:Park Mischner owns Old Times Buttons, which employs 20 people. Park wants to perform a benefits analysis report for one of the
employees. Arnold Bower, for the year. Arnold's benefits package is as follows:
Annual salary: $35,650
401(k) contribution: 6 percent of annual salary. The company match is 75 percent of employee contribution up to 4 percent employe
annual salary
Medical insurance deduction: $230 per month
Dental insurance: $15 per month
Required:
Complete the following Benefits Analysis Report for Arnold Bower for the year. Do not include FUTA and SUTA taxes. (Enter all
amounts as positive values. Round your answers to 2 decimal places.)
Yearly Benefit Costs
Medical insurance
Dental insurance
Life insurance
AD&D
Short-term disability
Long-term disability
401(k)
Social Security
Medicare
Tuition reimbursement
Total yearly benefit costs
Amold's annual salary
Total value of Amold's compensation
Company Cost Arnold's Cost
7,200.00
1,000.00
$
$
$
$
S
S
S
50.00 $
500.00 $
250.00 $
200,00
5,200.00 $
0.00
0.00
0.00
0.00
0.00
De
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